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Capitol Hill Hearings
February 5, 2013 8:00pm-1:00am EST on CSPAN

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00:00
next automatic washington immigration congressional cuts hill head five years mayor month later office policy debate budget effect capitol deficit delayed remarks san antonio december spending trillion projected justified big scheduled president testifies
00:30
00 journal california democratic congressman 40 cuts 0020 such talk guest texas phone calls henry tweeds combat social change waxman program eastern severna efforts climate medicare security washington
01:00
decisions president reporters afternoon sequestration few plan face pace spoke avoid real begin march words known obama wanted cuts budget impacts deficit looming changes minutes span lasting strength spending including everybody deadlines five automatic announced scheduled tax
01:30
seen last progress economists manufacturing car year home 2013 jobs five high signs weeks sales climb strong across prices poised months leaders 35 several economy million effects created spectrum six recovery business continue
02:00
cut cuts confidence dysfunction indiscriminate deep hurt drawn cliff things affect fiscal threat already process started massive wasteful reminded economic spending critical business progress consumer education decisions political resolving automatic prosperity
02:30
right thing democrats republicans disagreements mix cut past cost slow able jobs news years folks drama energy happen looking deficit economy recovery trillion national training together security
03:00
deficit believe balanced trillion reduction job cuts debt rates taxes higher finish parties elected halfway towards wealthy achieved spending progress approach required officials stabilize economists
03:30
put reform forward table spending tax cuts mix much cliff deals repeat others fiscal speaker boehner balanced approach proposals discussions entitlement negotiations
04:00
reforms commission bipartisan government entitlements ve next care bill reduce decade amount health fiscal bowles achieve offered savings simpson proposed sensible medicare laughter beginning proposals
04:30
laughter reductions government nevertheless disabilities full class costs bills order stated guys reduce middle cost health modest seniors leaders care working looking what deficit achieve reforms elected flow savings trillion goal reducing children breaking shifting kinds achieving cameraman economists poor
05:00
hand loopholes deductions individuals corporations tax rid need aren keep reform reason social already leaders process parties reforms programs americans insurance available advantage wealthiest identified
05:30
tax deficit reform savings corporations cut pay mix cuts used turn close spend obtain around breaks reason trying paying achieve serious balanced spending loopholes businesses wealthiest competitive potentially
06:00
budget republicans independents overwhelming unfortunately may job best hope date full view house march people senate series finish towards working deficit reflect harmful finished balanced majority approach american 1st democrats reduction proposals
06:30
package bigger spending sequester scheduled cuts effect tax job done pass least delay known smaller defense reforms believe damaging creating automatic immediately investments economically
07:00
eliminate thousands loopholes washington cuts government clean finds growth reform energy need reason entire couldn months replace special jobs economy smarter mention effects national jeopardy folks interest congress tax programs solution together security agree sequester americans education put
07:30
let right budget significantly indiscriminate aren away down least headed wounds chance self coming repeat cost making already replace working jobs instead economy long towards problem recovery congress stay together chipping cuts sequester inflicted direction democrats keep washington permanently republicans slow
08:00
national questions captioning institute businesses jay guy give need much corp 2013 bunch thank weeks hired cable whole carney thrive thanks workers support captions laughter performed everybody copyright satellite
08:30
story saying president whistling flabbergasted dead cuts goes plan real wind house armed until shows obama quoted budget arrival appears problem politico services reaction addresses committee
09:00
fiscal latest congressman compromising congressional plan salvo house lacks floor issue today never taxes april ending submit longer budget another measure battles georgia require urgency congress offensive publicans mood balancing president compromise
09:30
budget challenges obligation legislation administration last legal added offer using obama wish debate submit far missed fourth nearly fiscal years sponsor federal ever started achieve balance numbers moral trillion national five proposal happened deadline president since solutions yesterday statutory debt
10:00
budget keep submitted opportunity responsibility mr yet put four need that past house years table shown plans saying senate simply passed expand speaker largest history increase deadline solutions president commitments republicans
10:30
budget ever balance expenditures unfortunately show must debt bill meet bring table ideas never needs saying result crisis control propose showing realize horizon proposed balances policies revenues president isn happening budgeting eventually
11:00
passes intended solutions president conversation one way put show find plan house bring table senate ground things debate offers budget common balance founders
11:30
side today aisle budget georgia ever vice table chair price yield simply control speaker ability putting dr balance chairman progress offering solution presizely mr solutions committee precisely gentleman remainder criticisms gets recognized unfortunately distinguished
12:00
gentleman mr floor conversations deserves ask point chair thank price guide second please suspend respect members georgia chamber reserve reserves chairman maryland
12:30
mr help nothing colleagues recognized van hate body jobs bill right thank boost people hollen create gimmick looking speaker exactly maryland congress american gentleman political absolutely represents
13:00
submit budget president dictated republicans law late 2014 form read bill house rather finger growth another current blaming closing pointing economic exercise demanding republican submission
13:30
huge created late cliff fiscal big gone wasn able 2014 jobs loss house avoid issue until senate debate budget resolve january country economic majority problems president contraction
14:00
republican fiscal majority agreement colleagues house voted cliff tax end got let done fact great order result argued people breaks prevent despite economy protect wealthy senators prepared
14:30
move budget continued absolutely expenditures mr help need late bill number little submit unless faster revenue speaker forward economy nothing january revenues americans
15:00
help today delayed nonpartisan congressional tax less jobs grow house month shame march floor joint office really things reason budget gimmick economy planned debating committee presenting backgrounds
15:30
cuts across ax meat board mr ago soar word house quote bored words level place cantor leader months defense current setting progress sequester automatic nondefense republican unemployment
16:00
jobs lost sequester according virginians 000 act cuts home line last fact state study seeing happen around matter threat replace talking defense economy country quoting virginia referred
16:30
last damage economic analysts referring mr cuts saw fear many house chair armed board mckeon across report slowing economy defense mckeeon quarter services committee indicator republican extraordinary
17:00
brought congress sequester republican colleagues floor haven replace mr why gets bill right house 113th worse mckeon debate measure address spending proposal presented alternative
17:30
avoid mr replace proposal sequester ax job cuts vote loss meat board today rules talked mckeon cantor denied across fiscal chamber balanced committee remainder opportunity
18:00
big companies republican colleagues agriculture cuts last close today break mr stick direct breaks revenue wealthy special tax speaker deficit closing purpose proposed election oil balanced reducing taxpayer interest conceded continue vote payments position subsidies
18:30
people american amendment meaningless individuals mr tax sad real cuts vote body breaks chance action benefit speaker deficit purpose balanced reducing spending combined debating ignoring political important eliminate constitute substitute reflection
19:00
mr chairman maryland gentleman recognized chair thank price may job deal loss yield makes points action prevent consume members georgia country horizon balance reserve reserves balanced congress sequester colleague republican interesting
19:30
gentleman precluded important situation congressional the many house cited spent rules wasn issue today knows order office report aren budget simply talking germane offered problem gave example economic mr deadline majority chairman maryland true contrary amendment sequester met
20:00
president court senate passed spending ball bill mr sat 444 last fact house there doubt issue today place simply submit budget talking priority outlined sequester reductions priorities republicans reconciliation
20:30
years majority certainly washington transparent 20 40 75 10 mr yes let just house party people senate honest control balance chairman minority balances american
21:00
mr fact provide contrast president fair tough thing past truth trute people prefer house speech budget tell remarks opening submits telling white believe balance four budgets balances policies proposed never chairman minority ryan specific american comparing imperative roles legislation instructive accountability side
21:30
debt years trillion president republicans job put isn four done past plus house never watch great admit dollar dreams annual record forward budgets crushed spending straight deficits important borrowing information
22:00
balance country commonsense individuals demonstrate mr ve 444 jobs save path stake piece allow secure reform create dreams exactly realize vibrant majority chairman families programs necessary economies strengthen businesses legislation
22:30
72 people budget american president mr top pew lot show last side month state quote talked simply deficit earlier polling reducing priority maryland chairman congress balances industry americans gentleman
23:00
reduce deficit people american gentleman mr 72 van need last fact chair thank doubt smart plans talked hollen budget speaker balance reserve balances reserves election priority maryland candidates
23:30
cuts last includes combination supplementals act need laid keep done fact years spoke three people making budget control already through election balanced trillion proposal approach measured american preferred president substitute additional
24:00
breaks deficit position candidate presidential tax vice close people yes yet need taken talked reduce canned special purpose wealthy reducing ironclad american eliminate interests president republican colleagues
24:30
congress president prerogative investments shortchanging yes let put the plan kids wants reduce budget future social deficit forward lacking however present getting sensible security whacking medicaid education important republican colleagues
25:00
mr recognized hoyer maryland gentleman may chair van ask best long wish thank today yield honor hollen remind future friend someone focused reducing chairman deficits colleague colleagues appreciate responsible
25:30
mr people american gentleman legislation 24 23 van days four sham game shame chair thank hoyer price yield games hollen honest address georgia minutes maryland confront yielding recognized challenges
26:00
sequester mr adverse american price confidence pointed consequences avoid fact economy cantor right face spending america negative agree people
26:30
fathers founding body president legislative idea wasn role read none last ryan heard until alone states united played period budget century process mr friends frankly thought involved intention budgeting lot significant constitution responsibility
27:00
contrast game friend georgia friends distinguished thought article gentleman responsible political constitution read order
27:30
game actions problems honesty messaging deserve end confronting need zero responsibility address people zip bill america reality american floor sadly better
28:00
congress bill gentleman political messaging georgia tell simple done last referred 113th pure responsibly big speaker mr responsibility point 112th act
28:30
place sequester uncertainty consequences consequenceses 24 23 mr days cuts week hear many solve averts facing working adverse causing speaker looming instead nothing problem silence negative solution immediate bipartisan republicans
29:00
republican republicans acquiescence irresponsible consideration mr van cuts voted allow hollen member speaks budget revenue replace blocked ranking friends georgia package balanced spending probably contrast amendment sequester committee gentleman yesterday additional
29:30
mr van hollen minute additional yes may shame floor people actions message speaker economy exactly consider approach hardline american amendment suffering unilateral constituents disappointing
30:00
gentleman supports contrast alternative devastating fix mind tell chair hoyer seeks exact thank quick states united change friend others minute consent perhaps mr suggest support georgia sequester president unanimous ask additional compromise recognized
30:30
move house march closer dangerous tool stop tell fact create viable engage fiscal friend toward respect crucial achieve economy ability america friends georgia need deadline positive majority sequester discipline pretending hope discussion opportunities
31:00
alternative mr provide gentleman effective floor today debate van bill chair thank price yield hollen viable having support forward expired georgia balance chairman
31:30
mr price debate serious gentleman hoyer yield whether president put ever used game bill house chair shown today words issue order fiscal engage control forward believe budgets balance positive chairman
32:00
mr chairman gentleman louisiana president act thank senate scalise minutes pay side weeks job games people passed friend talk budget signed ago pleased forward georgia require yield serious yielding game business bringing american colleague chair controlled recognized plan colleagues democratic floor step
32:30
years senate budget produce president four last house legal ve met job law five people missed things failed angers somehow deadline american angering washington colleagues obligation republicans frustrating
33:00
president maybe budget families american live blame ok dog bush four case laws end point house table three means years sit fault figure senate around ignore produce got kitchen actually homework literally washington priorities ate responsibility
33:30
budget another produce credit president pay card money debts spend lay law past kids bill keep sets plan wants china demand sending balances congress grandkids borrowing absolutely priorities
34:00
crisis ever stop years president put else money least wants never ways blame comes people living public moment show always budget 20 finally deliver produce balance next produces whatever 10 actually somebody balances american much something transparent transparency ask
34:30
gentleman mr chair balance maryland plan price yield georgia minutes remaining lay bill much urge half 21 start adopt hollen debate minute yields 16 reserve remains pleased finally produce reserves van something colleagues disagreements let
35:00
mr nunnelee gentleman mississippi recognized 48 18 job ago woke game half lost wife years chair knows hours found family crisis merger member minute budget families financial committee corporate depression
35:30
side wrote family families decisions pot far mind page drew line many tough every exact spend middle coffee coming making friends economy members budgets question exercise debating
36:00
table expect budget kitchen policymakers right tears around president families bill shedding mr inspect game reason shed washington kipen tell morning
36:30
mr gentleman chair yield reserve thank van tell half house price thing asked hollen member messer minute budget yields pleased georgia balances balanced chairman maryland families american continues president recognized
37:00
budget president bill balance colleague dr mr need stop must money smits price thing people simple messer commend deserve whether proposed balances spending american requires
37:30
bill budget balanced presidents commonsense don past same urge step right issue people submit future current deficit budgets support partisan proposal american direction president submitted colleagues
38:00
mr gentleman chair thank chairman half minute reserve tennessee president fleischmann plan every obama hollen submit fourth five monday budget missed yields pleased support years georgia require van deadline maryland february supposed yield continues yesterday act recognized price rise
38:30
live tough budget republicans embarrassing hard plan wife month forth means great times small people senate mr across within refuse nation worked choices 50 started produced chairman families business american put democrats president sacrifices
39:00
mr gentleman thank chairman minutes ross chair yield people florida least price great yields nation fiscal pleased deserve explain intends demands act georgia reduces require achieves reserves maryland plan american president recognized responsibility debt
39:30
act years government negotiations grandchildren 16 mr deal past rise plan debt must thank today saddled stopgap support georgia country trillion children chairman measures gentleman shutdowns operating particular threatening exceptional
40:00
need budget balance legislation desperately job plan house years needs since spend people senate passed control parties propose rampant country dollars florida calling spending president taxpayers government
40:30
budget mr balance chairman president years senate four thank yield missed hollen fourth next passed monday 10 nearly future filing america much inquire legally van request deadline maryland preserve plan solution requiring may gentleman obligated throughout leadership chair submitting show
41:00
16 minutes mr chairman gentleman remaining much chair side remains hollen total maryland today time tomorrow maximum half van georgia inquire
41:30
mr chairman minute budget understanding four 15 100 half wish side close van since today terms price every allow lot people hollen submit couple consume talking may minutes accurate comments watching confusion president let submitted understand
42:00
free number budget president transparent put need late tell house years wants tried smits people before action submits january budgets whatever internet together revenues agreement republican colleagues
42:30
ax cuts hurt meat alternative don less jobs house month floor board place submit across budget prevent wasting talking economy shouldn proposed substitute republican colleagues transparent
43:00
keep colleagues transparent unfortunately representatives put ask isn cuts vote open house gavel board place saying across chance taking prevent process instead problem congress sequester something whistling
43:30
mr chair price chairman gentleman thank minute serious 15 line sorry yield wishes assume remind georgia balance minutes reserve prevents sequester remaining recognized demonstrate interruption
44:00
red path principled especially republicans end fair debt right lower headed nation caring results believe extreme country economic positive hardship spectrum americans solutions important president extremely proposals
44:30
lot seen balances proposal president budget mr put need save tell date bill side heard words haven secure people simply forward contrast speeches programs specific american wonderful strengthen
45:00
budget house debate achieve policies president outline plan needed tomorrow help fiscal identify 00 proposal votes balanced balancing balance federal
45:30
budget single lower balanced sometimes office left unemployment grew parsimonious economy span lot coolidge eastern maybe remember story due thing
46:00
budget economy president government congressional 00 155 how got help span 2013 lower dirty night states united sunday report decline federal deficit imagine billion according
46:30
budget office director spending congressional cbo cuts slow next thank along spoke coming decade growth latest outlook federal economy economic upcoming released increases reporters projections
47:00
unemployment questions continues challenges colleagues row law rate next high 2014 tell face shows sixth along large happy states expect little united budget remain current economic analysis
47:30
gdp debt decade deficits percentage 77 law end high next 2012 1951 path seven years total period expect public larger remain budget upward federal current trillion
48:00
economic underlying tightening anticipate improvement let law slow news points growth policy offset fiscal budget remain gradual factors federal housing current economy turning effects financial scheduled beginning elaborate
48:30
help increasing investment availability construction spur years bring stock cycle estate growth expect crisis income prices faster budget credit upswing waiting however next several weaning appeared spending business policies real consumer gradually employment
49:00
increase tax spending government expiration cuts next 2013 drag mean point month rates effect certain incomes deficit payroll roughly project federal reduced gdp adjusted economic activity represent threshold consumers cut scheduled inflation percentage
49:30
gdp producing percentage tightening sustainable per gap call 2014 real pick years basis growth expect nation fiscal faster points capable economy adjusts potential following
50:00
growth output estimates potential recession gdp low ago rate 2017 last 2007 years close since three level almost expect decade better remain existed quickly started slightly
50:30
output potential recession equivalent unemployment slow 2017 stay loss paid half last near 2007 close total pay large price expect slowly nation nearly gap actual country produced economic recovery estimate rate relative continue projected
51:00
current deficit billion trillion estimated 25 gdp row let 845 2015 2017 2013 fall debt turn five laws years reach fourth shrink budget federal
51:30
deficits projected declining continuing projections gdp end big half size next 2015 fall grow 2009 laws years based large decade reason nearly showed federal current deficit economy turning reaching revenues
52:00
current 19 gdp law revenues 40 16 18 tax less rest past 2012 laws 2015 years expect decade result economy average roughly changes compared expected expanding scheduled
52:30
spending population increasing projections unemployment gdp law ace 2017 next goes weak drop care years aging start costs shows health federal falling several economy growing relative expected benefits expansion projection percentage
53:00
gdp push health interest spending 21 23 40 past 2023 five care major share years rates return normal levels social federal largest decades addition programs averaged payments security insurance projection eligibility
53:30
recently remember throughout percentage circumstances 73 36 gdp law end far past held seen 1950 debt 2007 since reach expect decade public higher fiscal remain federal current largest average
54:00
gdp years remain several past surge stability budget significant 77 2023 upward 10 next concern rising reasons basset share sharp
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affordable government heightened ordinarily flexibility tax less past risk such debt laws rates might great items first borrow second unable larger respond current crushing modified spending policies lawmakers recession unexpected investment
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effect budget eliminated projections substantially caps left sharp delay march tax place policy expire taking larger control act changes example baseline spending schedule regional cuts reduction lawmakers scheduled prevented extending automatic next pertaining physicians provisions
55:30
debt spending discretionary difficult projections 87 77 gdp cbo law size cast rise caps might third place small reduce rather larger amount funding current sustain economy relative regional projects original unusually
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population determined projections constrained 50 discretionary long term 2023 meet share gdp aging least forth fully period budget yet report limits smaller decided covered reflect year reduced spending services specific specified pressures past lawmakers government allocation 10
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rising benefits especially accustomed substantially tax gap form care keep broad older taxes large costs exists health public segment raising benefit possible services programs policies revenues unchanged americans receiving population government
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historical culmination governments alternatively gdp implementation plan keep holds group broad help point state local lives allow people cuts health policy adjust gradual current ballots bees resolve average changes deciding relative possible read policies businesses percentage
57:30
easing behavior questions bold happy experiment projections less answer quantitative issue looking yes budget economic thank fed
58:00
period federal history economic projections 10 gdp bit year talk right years raise start yield expect growth little around normal highly unusual roughly reserve approach somewhere inflation understand
58:30
2016 projections extraordinarily interest portfolio fed low law rate sell long much start rates funds order period trying assets budget amount expect provide support current economy economic
59:00
rates term short expectations participants 10 rate year long rise start begin notes period expect future normal sooner levels brought provide support current reflect federal reserve interest treasury continue financial
59:30
term short rates coming heading writ decisively debate hitting rate turning typical support looking withdraw towards guys inflation sooner working fed
01:00:00
beyond done interest size prevents things inflation post situation expect washington rates past target reduce history able raise
01:00:30
output recovery previous potential recoveries much secondly words gap pattern reach different seem substantially question changed assume slow sooner
01:01:00
output potential boost growing less yes estimate short previous fall 20 16 expect base long unusual pickup episode intel 2017
01:01:30
lot remains experience unemployment considerable high case often looks aware world great reduce period crises around unused remain output financial potential resources periodical depression households
01:02:00
rising prices households significant deleveraging gone debt house today stock spend crisis extent wealth process falling appears heading leverage mortgage business stronger position financial household investment
01:02:30
last state local growth governments slow end less rate cuts drag fall loss terms wrote seemed factor report strong making toward sources economy recovery revenues suffered response important providing assessment particularly
01:03:00
house economy rebounding important consistent low sales goods level demand number rising market factor across coming prices taking another clearly housing mention services momentum elements although building improving
01:03:30
economy tightening current period countries experience offsets reject projections next strength fiscal law top adjusted resumes 2013 gathering growth effect
01:04:00
drag sequester questions reasonable specifically seen much half talk given least today risks middle beyond fiscal growth upsided economic elements separate downside estimates
01:04:30
tightening gdp fiscal spending without ag projection faster wonder comes baseline saw total increase effected 25 situation aggie growth
01:05:00
tax half higher collection expiration 25 cut big fall goes last fact rates taxes people budget incomes payroll meaning factors analyzed sequester breakdown increases
01:05:30
questions colleagues reasonably separately agriculture gdp 200 june hand half debt extra speak really afraid report inside precise directly spending question increase baseball
01:06:00
long term colleague projections conclusion 25 yet draw 2037 last 2040 wants years based later looks pushed sounds report change budget outlook updated current referring
01:06:30
factor effects fraction debt revolution thersa economy parliamentary path circumstances things underway decade try analysis beyond separate insights affect cking
01:07:00
innovation supporters frackionng composition enthusiastic pick shifts effect output goodiew smaller economy relative moreover fracking forecast probably elements specific economic generally forecasts techniques
01:07:30
potential resources projection importance productivity 76 gdp much debt ideas sense given labor stack cruder talked around amount certain looking capital overall fracking approach complete separate analysis
01:08:00
much debt deficit reduction additional gdp big show done sure guys fact ratio higher report crucial picture exactly debates average stabilize washington projections
01:08:30
gdp debt costs economists consistent 77 76 73 high view right level risks answer around levels decline relative crowding question analytic consensus
01:09:00
76 gdp recession policymakers developments 36 six run much debt last years ratio risen along risks comes crisis income notice output respond another serious financial reduction encounter inability 77 unexpected investment particularly
01:09:30
debt gdp find circumstances reductions less move need sort high room years world level risks second end really except around airing respond counter war country history relative economic problems bringing bad requires countries dangerous
01:10:00
another government alternatives recommending consequences 70 36 lay gone mind paid looks sadly might taxes higher report factors showing reverse getting suppose services released benefits budgetary benchmark alternative
01:10:30
40 66 years pretty 2023 baseline end gdp reduction taking 77 per current 10 point percent patient compared kind next
01:11:00
need debt 2023 savings trillion 25 75 11 gdp put got sort slope lower maybe taxes reduce decade higher slight service services benefits downward gradually
01:11:30
saying people larger willing implicitly 40 far cost long cuts risk bear path debt wait push taxes argue accept return faster gradual services benefits downward increases trajectory comparable
01:12:00
need line goal built behalf short representatives choice lunch law argument done within citizens van current deny government saying
01:12:30
debt projections stabilizing sustainable requirements gdp rate term last many point years ratio times raised growth rather policy medium stable extent fiscal become deficit minimum reduced reducing treasury reduction projection
01:13:00
debt report risks deficits path continue costs moreover next gdp stable ratio year decade 10 window roughly rise shown
01:13:30
rising forces driving population gdp underlying budget healthcare people debt relative done widening spending imbalance many aging
01:14:00
forecast near fiscal economic tightening term last end away took share going built large summer bright appear enacted january reduced brighter stronger revisions scheduled beginning legislation
01:14:30
budget thing factors important legislation 10 net far away last terms small second window effect outlook federal deficit effects january economic spending positive happened changing slightly enactment revisions different projection projections
01:15:00
job done growth effects estimates 10 year kind years paths today health report deficit creates released estimate programs different reduction government unemployment
01:15:30
fiscal end 2013 tightening additional gdp law jobs none took term talk extra short policy report effect outlook current million changes actually translate scheduled
01:16:00
million due maybe combination tightening tax half jobs fall last place output fiscal defects effects released estimate specific sequester estimates consistent employment provisions persistent components
01:16:30
emphasize certainty collection tightening contributing best jobs gain years comes seeing fairly fiscal future making certain numbers deficit million policies estimates reduction
01:17:00
shortfall businesses households governments uncertainty show lack much last right years goods policy effect demand report fiscal several economy desired economic spending involved estimates precisely suffering
01:17:30
potential unemployed stimulative limitations circumstances 10 gap rate years aware pushes demand trying policy offset actual larger output federal reserve weakness monetary
01:18:00
run bring policy fiscal economy long term rates short allow medium moving output toward federal effects reserve interest momentum somewhat economic different potential underlying unemployment circumstances
01:18:30
policy growth economic sustainable circumstances years bring today funds later levels freeing perhaps returns economy federal benefit relative reducing restrain changing programs tax deficits policies different borrowing beneficial contribute next investment incentives ultimately
01:19:00
10 window employment along house considering budget republicans year implications balance mesh address output wondering lines years
01:19:30
deficit trillion reduction gradually projection got law some next 2020 2023 given three course decade budget current earlier require balance relative examples baseline
01:20:00
trillion reduction discussions alternative independent law hill ends fact paths might order picked report budget current effects involve example relative economic examples cumulative particular
01:20:30
current deficit policies reduction alternative budget law 2023 paths looks large range today number looked depend nature timing amount greater effects balance changes economic baseline required analysis possibilities macroeconomics
01:21:00
deficit specific reduction proposals incorporate next save sharp total reduce makers depend policy effect timing change depends amounts effects analyze economic whenever policies
01:21:30
years given economy consistent employment act done next short slack large reduce amount output actions federal deficit several running reserve recovery increase estimates consensus reduction stimulate constraints
01:22:00
effects term occur economy reduction set run long path short later decade depend medium deficit addition positive negative response budgetary particular composition
01:22:30
policy possible discs talk mentioned answer achieving mean goal estimates stinlts inaudible append yes question change explicit apply 42 vague
01:23:00
64 year page interest predictions two low rate 2015 2017 2016 term flip table moves basis rates gives stays short thirds rapidly economic appendix mentioned extremely
01:23:30
happens forecast leave occurred policy reduction unemployment federal strengthening 2018 reserve tighten economy rate 2016
01:24:00
rates long term start interest raise short federal reserve bit move rate tiny sell next 2016 path ahead expect market assets addition portfolio basically beginning anticipation participants
01:24:30
higher long term rates points 20 10 end law year much 2015 boys half based basis short window august showed smaller current deficits projection
01:25:00
debt post thinking washington stabilizing wa past long term last view years higher budget amount battles federal several decades country reflects shington relative
01:25:30
extent basically underlying successive projections add past much years tried every level higher result factors several economy recovery quantify revision decisions lawmakers
01:26:00
changed revisions particular projections strengthening much path debt part sense given tried divide report budget deficit economy effects stacked release changes relative economic forecasts important happening technical projection
01:26:30
important reduction categories projections legislation act past 2013 2012 news 2009 share years piece pieces source passed factor larger another deficit effects receive recovery spending specific
01:27:00
caps established quantified comparison discretionary act mind need pars extra point really answer tailing outlays recovery spending question cutbacks occurred specific starting
01:27:30
may starting somewhere projections calculations set nbc tom mind done much else news view sense point curry people issues really points forward focused baseline different something
01:28:00
10 year points average treasury 40 30 end real rate note last talk years meant saying number period report budget interest projected adjusting inflation historical
01:28:30
rate inflation real past interest average making add higher lower seen adjusted facts 2023 treasury nominal comparison rates hand notes
01:29:00
10 years journal national spending discretionary budget programs cuts nondefense rate nominal entitlement balanced significant require pieces changes
01:29:30
page 27 table total projections hand discretionary right period 15 spending shows question 26 23
01:30:00
trillion achieve reduction nondefense discretionary category changes deficit totals baseline total spending counting interest aim policy
01:30:30
path spending trillion whether alternative zero discretionary amounts end whole baseline anybody 30 close relative deficit particular 13 2023 tried
01:31:00
large changes gap taxes spending need path might means split picked impact across linear decide deficit outlays require relative revenues reduction eliminate simplistic
01:31:30
changes needed nondefense significant discretionary one cut down debt point bring split taxes large across budget federal balance trillion relative spending discussed government
01:32:00
big piece construction discretionary transportation 15 away much wide looks thing mostly smaller another highway spending includes training remember education activities government nondefense
01:32:30
piece health lot different activities big cuts care share awful large afflet across related affairs funding justice various national veterans involved institutes government distributed international administration
01:33:00
spending discretionary nondefense eliminated confronted one top low past seen caps both meet haven share reduce totals makers policy levels report points defense funding decades economy reduced programs sequester
01:33:30
programs specific decisions difficult appropriation cut away talk acts meet later risks comes really making annual budget outlook greatly reduced provided decision congress
01:34:00
health care wealth programs part spending years recession loss past system going owes slowly rest income federal grown costs
01:34:30
whether changes question probably structural stem part care short system health arises talking experts outside persist summary critical recession transitory significant investigating
01:35:00
based broad fairly public programs seen care let end pays tell firm draw part talk drugs discs people within append really effect private mention slowdown duration hospital medicare physician conclusions
01:35:30
2010 spending 2012 since health less past seen slow data mark years early taken growth already federal savings expected watching medicaid programs medicare revisions surprised beginning projection projections
01:36:00
15 changes spending medicare observation med due 200 led course growth health reason slowing factors billion amounts medicaid economic reduction technical projections legislation
01:36:30
growth continue ago expected best years uncertainty characterize 2020 slower accelerating great sources slow expect analysts mean sort
01:37:00
careful movements conclusion particular magnification pin lot try gone seen long much care turn awful timing causes trying enough health looking drawing analysis anywhere
01:37:30
medicare absorbing something extracting counterintuitive 65 year olds slow real baby many talk seems cycle period growth paying boomers related spending business bringing
01:38:00
medicare olds beneficiary population beneficiaries 66 end per lot year tend edge baby bring aging people number growth boomers slowing leading younger average greatly eligible spending reduction healthier increasing
01:38:30
things overall leave surprising increasing younger ones relatively but calculations blueprint less others adjusting project cost expensive number
01:39:00
part spending risen since average 2009 footnote nice 57 column page annual compared 2008 statistic medicare right growth hand
01:39:30
part federal government introduced emphasizing may 2009 might worth reduce period middle growth health slowing further avenues focused despite spending inaudible different
01:40:00
people number rising important substantial 10 next true care 2023 years 20123 growth beyond health social federal sharply eligible spending medicare security
01:40:30
people medicare 40 2012 benefits increase cost through 2023 social security survivors relative effect receiving number
01:41:00
grow care costs rapidly growing 40 pays long term share aging people health slowly nursing numbers country affected medicaid medicare subsidies insurance receiving disability population significant beneficiaries
01:41:30
years question deficits estimates percentage 40 19 18 law home next last point under taxes bills number second decade couple reason current roughly greater country average project trillion
01:42:00
past given fiscal scenario alternative yes less long many table shows offer times number policy actual current include effects changes actually policies budgetary alternate continued particular prominence
01:42:30
33 page fiscal scenario alternative change last 088 table row lines deficits add set policies labeled side memorandum far right
01:43:00
trillion includes scenario alternative essentially 450 tax show debt whole pieces decade effect expire larger allowed service deficit billion previous baseline deficits provisions
01:43:30
effects includes devices collected system sequester revenue physicians simple show medicare left expire payments question scheduled answer tax income
01:44:00
tax real creep changes brackets pay need next rise wide time share known taxes whole pushed decade income higher policy larger revenue reasons incomes bracket compares collected collection
01:44:30
shifts sequester president lock things distribution decomposition problem multilaterally today economy away income chipping 2013 fair
01:45:00
large depends historically possibilities recommendations high role ball debt share today small issues better policy report engage remain deficit special playing judgment approach deficits expertise political projected reduction show imbalance assessment government
01:45:30
budget changes decisions sufficient sustainable put end path line sorts place small simple coming rising beyond decade policy sooner opening address remarks implies finished
01:46:00
changes 30 years retirement households put law ago age idea full sharp given might ahead pushes people living effect change adjust social gradual planning behavior security increase everybody important businesses
01:46:30
baby worth boomers certain programs age 60 65 risk older faces people retire already concern changes benefit starting realizing sometimes retirement connection remembering
01:47:00
changes older either population fundamental 65 75 part five point years cause large costs thinks people making already increase possible benefits programs american americans retirement
01:47:30
50 policy retirement plan illustrates 30 coming alternative age consequences actions simply years official change mentioned done people
01:48:00
changes age appropriate eligibility entitlement 17 set long much years point ahead build gives cutoff people motion effect change looked social making smaller prepare roughly example examples striking programs security obviously
01:48:30
changes spending recession frequently confronting 40 less past sort part last years looks sense point aside sorts leave afraid broader effects decades country
01:49:00
share defense spending programs magnitude 40 past next care room major extra being years health offset budget social devoted decline economy reducing strategy repeated security resources
01:49:30
spending defense questions really confronted revenue demographic share confronting programs either never down pressure intense tax pressures raise change
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talk national captioning set leadership republican corp cable gary later weigh reform health date public coming leon defense herbert pattern service care morning panetta cuts efforts outgoing captions pentagon thank tomorrow spending much governor performed ok copyright satellite march institute automatic secretary 2013
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health pakistan secretary ambassador counterproductive 12 30 met live utah spoke drone sherry rahman illegal eastern strikes discuss monitor science recently coverage sibelius christian insurance exchanges according
01:51:00
drones remarks ambassador span part categories tuesday sovereignty entire international pakistan shoot law violation position threatens right ask org event
01:51:30
shoot drones question address many spokespeople speak understanding opposes ask pakistan let publicly strikes important asked
01:52:00
quiet policy question government complicity assure wink since internalized institutions redlined parliamentary nod ask
01:52:30
power unfortunate states 40 negative say recognize united important every view strike seen abroad drones project lend drone
01:53:00
channels consensus livery raucous makes build pakistan united difficult people media robust life hours flag states itself public least free saying
01:53:30
value ground taking operationally counterproductive high cause medium entire target future however instead creates recruits probably creating community addressed potential militants terrorists
01:54:00
drain mobilizing terrorists instrument radicalizing may need force terms using areas swamp people drones instead seeking sympathy standing religion instance efficacy decisions militants
01:54:30
tell allow protect anti operations staff productive run population drones move terror member really 16 able
01:55:00
staff general future operations legitimate page sustainable lies members seen pakistan terror ownership anti
01:55:30
drone through efforts eyes joint degraded something case people lot cooperation pretty much whole strikes qaeda next door
01:56:00
madison presidents historical association administration image house dolly white meets eight known women james agree saving series ladies george season troops begins span served invaded capital british reduced portrait lady influence fireballs washington
01:56:30
span scheduled judiciary president immigration day the bait cuts radio 00 avoid board march plans rules reach pm obama later place asked across budget 18 hearing tonight whether balanced spending possible org february committee witnesses
01:57:00
part immigrants deportation immigration undocumented 11 met ship eric many mass house today people fabric secret cantor policy leader couple become hearing million pathway country minutes majority families illegally providing compromise
01:57:30
nation respect families difficult immigration law soon care rule laws start issue solve enter makes people anyone dreams reform allows looking waiting legally country problem balance tackling
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